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Working families and individuals eligible for Homestead Property Tax Credit | News, Sports, Jobs


Ron Leix
LANSING Working families and individuals with household resources of $50,000 or less a year may be eligible for a Homestead Property Tax Credit, according to the Michigan Department of Treasury.
Michigan’s Homestead Property Tax Credit can help taxpayers if they are a qualified homeowner or renter and meet certain requirements. For most people, the tax credit is based on a comparison between property taxes and total household income, with homeowners paying property taxes directly and renters paying them indirectly with their rent.
“Homestead Property Tax Credits provide tax relief for Michigan’s working families and individuals,” said Deputy State Treasurer Glenn White, head of Treasury’s Revenue Services programs. “These tax credits can reduce tax owed and may provide a refund.” ....

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